#1البنك العربي ARAB BANK ARAB BANK Investor Presentation Q3 2023 البنك العربي ARAB BANK ABAR BANK D#2Disclaimer THIS PRESENTATION, INCLUDING ANY INFORMATION CONTAINED HEREIN AND ANY INFORMATION, WHETHER OR NOT IN WRITING, SUPPLIED IN CONNECTION THEREWITH (THE "PRESENTATION") IS STRICTLY CONFIDENTIAL. YOU MUST READ THE FOLLOWING WHICH APPLIES TO THE PRESENTATION ABOVE THIS DISCLAIMER, AND YOU ARE THEREFORE ADVISED TO READ THIS CAREFULLY BEFORE READING, ACCESSING OR MAKING ANY OTHER USE OF THE PRESENTATION MATERIALS. IN ACCESSING THE PRESENTATION MATERIALS AND/OR BY ATTENDING THE MEETING WHERE THIS PRESENTATION IS MADE, YOU AGREE TO BE BOUND BY THE FOLLOWING OBLIGATIONS AND LIMITATIONS. THIS PRESENTATION IS FURNISHED TO YOU SOLELY FOR YOUR INFORMATION AND SHOULD NOT BE TREATED AS GIVING INVESTMENT ADVICE. 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The information contained in this document includes information obtained from the records of Arab Bank and/or its subsidiaries (together, the "Group") and publicly available sources and has not been independently verified by or on behalf of the Group or any of its affiliates. The information contained in this Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice. This Presentation contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management's views and assumptions formed by available information. All statements other than statements of historical fact are statements that could be considered forward-looking statements. 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Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. The Group does not intend or assume any obligation to update these forward-looking statements. In this document various financial measures that are not measures of financial performance or liquidity under the International Financial Reporting Standards (the "IFRS") are presented. Non-IFRS measures may not be comparable to similarly titled measures reported by other companies, and they should not be viewed as a replacement for, but rather as complementary to, the IFRS measures. This Presentation speaks as of the date hereof and is subject to change without notice or liability to any person. Arab Bank and the Group expressly disclaims any obligation or undertaking to disseminate after this Presentation any updates to the information contained herein to any person. Neither the delivery of this Presentation nor any further discussion of the Group with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Group since such date. Certain data in this Presentation has been rounded. As a result of such rounding, the totals of data prescribed in this Presentation may vary slightly from the arithmetic total of such data. Quarterly data is based on reviewed financials.#3Table of Contents 1 Arab Bank Group Overview 2 Strategy and Business Overview 3 Operating Environment 4 Financial Performance 3 8 16 21#4Arab Bank has a rich legacy of regional and international expansion since 1930 البنك العربي ARAB BANK 1930s Palestine Jordan Qatar Tunisia Yemen Oman UK Australia O China (Shanghai) France 1950s 1970s 1990s 2010s 1940s 1960s 1980s 2000s 2020s Saudi Arabia Egypt Syria Lebanon Sh Iraq UAE Bahrain Morocco + Switzerland Singapore O China (Beijing) Algeria Sudan Syria S4 Arab Bank Subsidiaries, Affiliates and Sister company Arab Bank plc Branches Iraq (Under establishment) 4#5Arab Bank's extensive network and longstanding presence in MENA underpins its deep-rooted understanding of and commitment to the region Key Subsidiaries abal banking Arab Bank Australia Limited (100%) COD acabes გის Arabia INSURANCE JORDAN ARAB BANK Europe Arab Bank plc (100%) Islamic International Arab Bank (100%) Arab Tunisian Bank (64%) Oman Arab Bank (49%) Arab Bank - Syria (51%) Arab Sudanese Bank Limited (100%) AB Invest Jordan (100%) Arab National Leasing Co. (100%) Al Nisr Al Arabi Ins. Co. (68%) Acabes International Pvt (100%) Key Affiliates Arab National Bank (40%) Arabia Insurance Co. (42.5%) Sister Company Arab Bank (Switzerland) Ltd. البنك العربي ARAB BANK Arab Bank Group 600+ Branches 29 Countries 12K+ Employees Arab Bank Subsidiaries, Affiliates Arab Bank plc Branches Other Investments and Sister company LO 5#6Arab Bank key strengths Resilient balance sheet Diversified & comprehensive business model البنك العربي ARAB BANK Robust capital levels $ Extensive Network Strong funding franchise ตะ Digitally empowered strategy Strong brand equity and reputation 6#7Strong performance across key metrics Assets $66.5bn 2.8%* $ Gross Loans $36.3bn ^2.1%* Net Operating Income Net Income $1,373mm $630mm 41.5%* 55.3%* 町 Return on Equity البنك العربي ARAB BANK 7.8% 餐 Deposits $49.0bn Loan to Deposits 74% 2.5%* Total Equity $10.8bn 5.1%* Cost Income Ratio 41% ០០០០០ NPL Coverage Ratio Capital Adequacy Ratio Market Cap 133% 16.9% $3.9bn All data as of Sep 30, 2023 and for Arab Bank Group * Percentage change vs Q3 2022 7#8Table of Contents 1 Arab Bank Group Overview 3 2 Strategy and Business Overview 8 3 Operating Environment 16 4 Financial Performance 21#9Arab Bank's growth strategy is built on leveraging the Group's network and harnessing the of digital transformation to achieve sustainable shareholders' returns power البنك العربي ARAB BANK Strategy Pillars Building on the Group's position as a leading local and regional bank Leveraging Digital Transformation and Innovation strategy to deliver superior customer experience Leveraging the Group's extensive and well established network Delivering long term, positive ESG impact for all stakeholders Expanding into New Markets Growth Initiatives Introducing New Business Models Growing Wealth Management and Private Banking Network Banking Across Corporate & Consumer Banking 나 9#10Arab Bank is well positioned to capture growth opportunities in attractive MENA markets Well established MENA presence with international connectivity, allowing Arab Bank to deliver comprehensive financial services across the Group network High growth GCC markets are a major contributor to the Bank's earning power, with additional potential from establishing a presence in Iraq Positive structural drivers for MENA regional growth include economic diversification, national investment programs, privatisations, capital markets development and demographics البنك العربي ARAB BANK Well diversified business model across multiple segments; Corporate, SME, Consumer, Private Banking and Islamic banking Outside Jordan Jordan Loans 28% 72% Equity 17% 83% Net Operating Income 27% 73% 10 10#11Performance Key Growth Opportunities Key Figures Arab Bank has a diversified business model across its lines of business and network Corporate & Institutional Banking Consumer Banking & Wealth Management Treasury 33% Of Total Income 42% Of Total Customer Deposits 31% Of Total Income 18% Of Total Income 58% Of Total Customer Deposits البنك العربي ARAB BANK Network Banking Digital Services Wealth Management & Private Banking P Reflect ريفلكت Transaction Banking 665 Total Income $mm +16% Public and Private Partnerships Cross border business & remittances Too K Affiliate/ ANB 17% Of Total Income Expand reach via Reflect neobank platform Increase earnings from Securities portfolios KSA economic diversification Capturing SME & Consumer Banking growth Strong deposit franchise Design and launch new products for Consumer and CIB customers பாப Total Income $mm Total Income $mm +35% 722 307 +34% 412 284 773 534 Total Income $mm +38% 392 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 11#12Arab Bank is implementing a customer focused strategy by leveraging digital transformation Delivering a superior digital customer experience.. • Digital Channels - Arabi Mobile, Arabi Connect, Arabi Next • Digital Onboarding • E-payments • Eco-system • Online Marketplaces عربي كونكت Arabi Connect البنك العربي ARAB BANK Introducing new business models.. • Became 2nd largest acquirer in Jordan · Leveraged our Merchant and Partner Ecosystem to provide special offers to customers including loyalty points instant redemptions and Buy-Now-Pay-Later at Point of Sale Launch dedicated SME mobile banking app to support that growing segment, fueled by expanding merchant network Launched Reflect neobank platform in Jordan and Palestine providing a branchless banking experience targeting mass segment and digital savvy customers Leveraging internal data to provide customer-centric insights, personal digital engagement and building Al-based recommendations for sales and risk mitigations Developed Omnify - Banking as a Service platform to offer embedded finance products P Reflect OMNIFY BaaS, Powered by Arab Bank Arabi Next ريفلكت البنك العربي ARAB BANK Arabi Next Digital Transformation Innovation Initiatives Customer Experience Information Technology Backed by a robust IT infrastructure and enablers.. • • Strong focus on Cybersecurity and Data Protection • Leverage robotics process automations and Al to automate IT operations • New MACH based design architecture; Microservice, APIs Established a wholly owned Fintech and IT development subsidiary - Acabes acabes البت الفريق Powered by LAB BANK And innovation initiatives.. AB>iHub AB iHub (Jordan and Egypt) - R&D AB iHub Centre to explore, educate and The Innovation Hive Powered by Arab Bank ABX experiment with Startups & Intrapreneur program to implement digital staff ideas ― ABX an accelerator adapting and scaling Fintech solutions for Arab Bank = AB Ventures Corporate VC fund focusing mainly on Fintech to augment Arab Bank access to global innovation ABVENTURES Arabi @mart ARABI Shopi Arabi e-Mart and Arabi Shopix Online marketplace 12#13Reflect - a neobank providing a scalable platform serving the digital savvy customer segment Vision To create an exceptional regional digital banking journey in the rapidly changing world Mission To provide the community with personalized banking experience that offers financial and non- financial services through a secure and frictionless super app Values • Hyper-personalization • Simplicity • Speed of Innovation & agility Transparency P Reflect, the Neobank platform in Jordan and Palestine Reflect ريفلكت 9:41 Good Morning, Lina! JOD 2,983.320 Total Balance Wallet Details Arrange 15+ Digital Services Spin the wheel Send Request Pay Bills 180k+ Customer Base Split the Bill Savings Top up More Physical card View Details > Marketplace Shop Now> روق Marketplace. Home Scan & Pay ill Transactions 67% New to Bank Customers البنك العربي ARAB BANK 13#14Arab Bank is growing its Wealth Management and Private Banking across the network ARAB BANK البنك العربي ARAB BANK روات | Wealth Management إدارة الـ Arab Bank (Switzerland) Ltd. is a sister company of Arab Bank plc founded in 1962, specialized in Wealth Management for a sophisticated clientele, in addition to other services in Trade Finance and Treasury In 2022, Arab Bank Switzerland acquired a majority stake in Swiss private bank Gonet, to form a group with total assets under management of $10bn 325 البنك العربي ARAB BANK Arab Bank is expanding its product offering of investment funds, treasury products and brokerage services across the MENA region and Europe Arab Bank Wealth Management offering including a variety of investment solutions البنك العربي ARAB BANK AB INVEST International and local brokerage services ເສງ Wealth Management & Private Banking EuropeArabBank PART OF THE ARAB BANK GROUP البنك العربي الاسلامي الدولي ISLAMIC INTERNATIONAL ARAB BANK Investments, mortgages and loans Sharia compliant products 14#15Arab Bank has launched a forward-looking comprehensive ESG strategy البنك العربي ARAB BANK Environmental Support the transition to a low carbon economy Sustainable Finance Issued the Bank's Sustainable Finance Framework Completed Issuance of $250mm Sustainable Additional Tier 1 Capital Securities Environmental Impact of Portfolio Published the Bank's Environmental and Social Risk Policy (ESRP) Developing baseline GHG emissions of the lending and investment portfolio and assessing emission reduction pathways for priority sectors in the medium term Environmental Impact of Operations 91% of total electricity consumption sourced from renewable energy projects Adopted a material and waste management strategy to reduce environmental impact of operations Social Advancing social development in the community Social Impact of Our Portfolio A suite of products and services and digital solutions for economic and social development of SMEs Launched several products and community initiatives to promote financial inclusion and literacy Diversity and Inclusion Launched Strategic Framework for Women Empowerment to foster inclusion of women across the workplace, marketplace, supply chain and the community 21% female representation in senior management roles Corporate Citizenship Multifaceted approach towards community investments, including Abdul Hameed Shoman Foundation, and Arab Bank CSR Program "Together" $20mm of total community investments ITT Governance Integrating ESG into the Arab Bank governance model ESG Governance Model ESG governance model currently under process by a dedicated ESG working group and will be finalized during 2024 ESG Training and Awareness Conducted a series of high-level ESG awareness sessions for the board of directors and senior management Rolled out first level ESG training sessions across the network with follow up sessions planned for 2024 Transparent ESG Reporting Arab Bank has been issuing the annual sustainability report based on the Global Reporting Initiative (GRI) since 2010 15#16Table of Contents 1 Arab Bank Group Overview 2 Strategy and Business Overview 3 Operating Environment 4 Financial Performance 3 8 16 21#17Arab Bank is among the largest banks in MENA.. MENA banks assets $bn QNB QNB FABT FAB SNB SNB Emirates NBD ENBD مصرف الراجحي alrajhi bank ADCB RJHI بنك أبوظبي التجاري ADCB 325.2 323.0 273.9 227.5 213.7 146.2 بيت التمويل الكويتي KFH Kuwait Finance House Ba 119.9 الوطني NBK NBK 119.2 بنك الرياض Riyad Bank RIYAD 100.5 SABB SABB 90.8 بنك دبي الإسلامي Dubal Islamic Bank DIB 85.3 BSF 66.6 البنك العربي ARAB BANK Arab Bank 66.5 MAttijariwafa bank Attijariwafa 62.0 مصرف الإنماء alinma bank ALINMA 62.0 المشرق mashreq anb BANQUE POPULAIRE MASHREQ 59.4 * ANB 58.2 BCP 51.3 QIB QIB 51.2 ADIB ADIB 50.1 البنك العربي ARAB BANK With a diversified exposure across operating entities** Asia & rest of world 4% Jordan 31% Europe and America 12% $60.2bn ⚫ Best Bank in the Middle East Awards 2023 • World's Best Financial Innovation Labs Top Innovations in Finance - SME ⚫ Best Bank for Cash Management in the Middle East ⚫ Best Bank for Cash Management in Morocco • Best Bank for Cash Management in Qatar • Best Bill Payment and Presentment in the Middle East • Best Consumer Digital Bank in Palestine . Best Consumer Digital Bank in Egypt Other Arab Countries 53% ** of which 40% in GCC BEST BANK WARD 2023 2022 GLOBAL FINANCE MEED Total assets as of Sep 30, 2023 * ANB is an affiliate of AB Group ⚫ Best in Lending in the Middle East • Best Corporate / Institutional Digital Bank in Palestine • Best Trade Finance Provider in Algeria • Best Credit Card Initiative for Cards Ecosystem in the Middle East ⚫ Best Bank for SMEs in the Middle East • Best Corporate Bank in Qatar • Best Trade Finance Services in the Middle East • Bank of the Year in the Middle East THE BANKER BANK OF THE YEAR 2023 MIDDLE EAST EUROMONEY AWARDS FOR EXCELLENCE 2023 emeafinance Europe Middle East Africa 17#18..with a dominant position in Jordan Leading position Rank S #1 In loans #1 In deposits #1 Capital (%) #1 Income before tax البنك العربي ARAB BANK • Largest bank by assets, $bn البنك العربي ARAB BANK Arab Bank plc / Group Arab Bank plc 39.9 بنك الإسكان Housing Bank capital Housing Bank 12.3 Capital Bank 10.6 بنك الاتحاد Bank al Etihad Bank al Etihad 10.2 Jordan Islamic Bank Jordan Islamic Bank 7.8 بنك القاهرة عمان البنك الأهلي الأردني الأهلي | ahli CairoAmmanBank Cairo Amman Bank 5.3 Jordan Ahli Bank Jordan Ahli Bank 4.6 Awards 2023 AWARD • • GLORANCE Best ESG Integration in Jordan Best Retail Bank in Jordan GTR Leader in Trade for Jordan Best Corporate Bank in Jordan Best Bank for SMEs in Jordan Best Bank in Jordan Best SME Bank in Jordan Best Trade Finance Provider in Jordan Best Foreign Exchange Bank in Jordan Best Bank for Cash Management in Jordan Best User Experience (UX) Design in Jordan Best Bill Payment & Presentment in Jordan Best Consumer Digital Bank in Jordan Best in Lending in Jordan Best Integrated Consumer Banking Site in Jordan BEST BANK Best Mobile Banking App in Jordan (Consumer & Corporate) Best Mobile Banking Adaptive Site in Jordan Best in Social Media Marketing and Services in Jordan Best Online Product Offerings in Jordan Best Innovation and Transformation in Jordan Best Open Banking APIs in Jordan Best Trade Finance Services in Jordan The Safest Bank in Jordan AFCM ARAB FEDERATION OF CAPITAL MARKETS GTR Global Trade Review MEED EUROMONEY AWARDS FOR EXCELLENCE 2023 Arab Bank Group 66.5 Total assets as of Sep 30, 2023 18#199.0 00 6.0 00 3.0 0.0 -3.0 In MENA oil-exporting countries, growth in non-oil activities is strong over the medium-term, supported by spending and transformational programs, while the oil-importing countries are expected to have slower growth Global Economy - Growth Rate (%) ■ World -6.0 2019 2020 2021 2022 2023 2024 البنك العربي ARAB BANK GDP growth by country (%) 2019 2020 2021 2022 2023 2024 Oil importing countries China Jordan 1.8 (1.1) 3.7 2.4 2.6 2.6 Palestine 1.4 (11.3) 7.0 3.9 (3.7) (6.8) EMs Egypt (FY) 5.5 3.6 3.3 6.6 4.2 3.6 GCC Tunisia 1.6 (8.6) 4.6 2.6 0.9 1.9 MENA US Euro Area Oil exporting countries Algeria 1.0 (5.1) 3.4 3.2 3.8 3.1 باله اكبر Iraq 5.4 (12.1) 1.6 7.0 (2.7) 2.9 KSA 0.8 (4.3) 4.3 8.7 0.8 4.0 UAE 1.1 (5.0) 4.4 7.9 3.5 4.0 Oman (1.1) (3.4) 3.1 4.3 1.3 2.7 Bahrain 2.2 (4.6) 2.6 4.9 2.7 3.6 Qatar 0.7 (3.6) 1.5 4.9 2.4 2.2 Source: IMF, World Economic Outlook, World Bank, National statistical offices of countries, and ABER 19#20Jordan's economy performed well across all segments in 2023 and has proven to be resilient and stable, with expected growth of 2.6% in 2024 2.5% GDP Growth (%) 1.9% 1.8% 3.7% 2.4% 2.6% 2.6% 3.3% Jordan Inflation Rate (%) 4.5% 4.2% in¸lmi il...kı Competitive Advantage 63% of population under 30 - young demographic 2.1% 1.3% Rating B1/B+ / BB- (Moody's, S&P, Fitch) 0.8% 0.3% JOD Stable currency, pegged to the US Dollar 2017 2018 2019 2020 2021 2022 11M-23 99% Mobile network coverage -1.1% 2017 2018 2019 2020 2021 2022 2023 2024 GDP composition by sector (2022) Construction 2.7% Mining 2.5% Utilities 1.5% Agriculture 4.8% Services 36.7% Key Growth Sectors Tourism Transport 7.7% $49bn Other 13.1% Public Admin. 13.8% البنك العربي ARAB BANK Jordan Economic Modernization Vision 35 Sectors Mining 366 Initiatives Manufacturing ཎྜ 8 Growth Drivers 10 Key success factors 000 I§I Financial Services 8 Main Goals 004 Manufacturing, 17.2% Monitoring and Evaluation Units ICT Source: DOS, World Bank, Invest Jo, Unicef, Amman Stock Exchange 20 20#21Table of Contents 1 Arab Bank Group Overview 2 Strategy and Business Overview 3 Operating Environment 4 Financial Performance 3 8 16 21#22Arab Bank delivered consistent and resilient Net Operating Income with a solid growth trajectory Revenue Net Interest Margin Cost to Income Ratio 1,585 1,203 1,350 1,497 1,105 Q3-22 Q3-23 +28% 2,231 2,169 424 1,931 466 296 432 277 542 557 1,810 284 421 iiiiii 1,341 2019 2020 2021 2022 3.2% 2,526 3.0% 2,325 384 2.6% 2.7% 2.5% 392 2.4% 436 49% 47% 47% 46% 41% 40% 1,585 1,341 1,203 1,350 1,497 1,105 1,071 1,176 892 910 839 952 NII $mm Non-Interest Income $mm Associates $mm 2019 2020 2021 NII $mm 2022 Q3-22 Q3-23 2019 -Net Interest Margin 2020 2021 2022 Operating Expense $mm Q3-22 Q3-23 CIR Net Operating Income, $mm Net Income, $mm Return on Equity 9.3% +42% 1,339 1,350 1,373 847 1,098 1,021 970 +55% 630 544 406 315 195 5.2% 5.3% 2.0% 3.0% 7.8% 2019 2020 2021 2022 Q3-22 Q3-23 2019 2020 2021 2022 Q3-22 Q3-23 2019 2020 2021 2022 Q3 22 Q3 23 البنك العربي ARAB BANK 22 22#23Coupled with a strong and liquid balance sheet with a diversified asset base Asset type mix Cash and balances with banks 25.9% Associates 5.5% Other Assets 3.5% Geographic distribution of assets $66.5bn Asia & Rest Financial Assets 16.4% of the World 3.7% Loans 48.7% Net loan book by segment Jordan 30.9% Europe & America 12.4% $60.2bn Other Arab Countries 52.9% Net loan book by economic sector Other 5.3% Construction 6.7% Investment portfolio by type 2 Government Bonds 13.3% Corporate Bonds 64.0% $10.1bn Net loan book by geography Rest of the world 2.6% Asia 1.2% Real Estate 3.7% Europe 5.3% $32.4bn Consumer 31.1% Government & Consumer 31.1% Public Sector 9.8% $32.4bn Jordan 27.5% $32.4bn Corporate 68.9% البنك العربي ARAB BANK Trade 13.2% Industry & Mining 15.4% General Services 14.8% 1. Credit Exposure, of which 40% in GCC 2. Financial assets at amortised cost only Treasury bills 22.7% Other Arab Countries 63.5% 23 23#24And a diverse and stable customer deposit base with a prudent loan-to-deposit ratio Liabilities breakdown Other 5% Banks and financial institutions deposits 7% $55.7bn Deposits by segment Government and Public Sector 10% Customer deposits 88% Corporate 32% $49.0bn Consumer Banking, 58% البنك العربي ARAB BANK Arab Bank Group figures as of Sep 30, 2023 Gross loans to deposits, $bn 72% 73% 74% 74% 68% 36 36 39 35 26 35 26 26 47 35 55 ထု 48 49 49 36 2019 2020 2021 2022 Q3-23 Loans Deposits ―LTD (%) Deposits by type Time and Notice 46% Savings 11% $49.0bn Cash Margin 5% Current & Demand 37% Certificates of Deposit 1% 24 24#25As well as robust and established risk management practices with strong core capital Cost of risk (%) and ECL Provision, $mm 2.5% NPL & coverage ratio, $bn 135% 133% 122% 116% 111% 1.6% 1.6% 1.3% 658 0.7% 560 473 6% 6% 6% 429 6% 7% 2.3 2.1 2.1 1.8 188 2019 2020 2021 ECL Provision $mm 2022 -Cost of Risk Q3-2023 1.4 2019 2020 2021 NPL NPL % 2022 Coverage % Q3-23 Asset density1, $bn 71% 557 51 37 البنك العربي ARAB BANK 2019 54 66% 68% 66% 65% 36 64 64 43 43 66 Capital adequacy 17.0% 16.8% 16.5% 16.6% 16.9% 20.0% 0.0% 0.0% 0.6% 0.5% 0.5% 43 15.9% 15.6% 15.0% 15.1% 15.2% 1.1% 1.2% 0.9% 1.0% 1.2% 2019 2020 CET 1% 2021 AT1% 2022 Q3-23 T2% ―CAR 2020 Assets 2021 RWA 2022 Asset Density Q3-23 1. Asset Density = RWA / Assets. Arab Bank Group figures as of Sep 30, 2023 25 25#26Key Financial Highlights Q3 2023: performance was driven by underlying loans growth and higher core banking income . Arab Bank Group net income after tax at $630.3mm is higher than prior year's level by 55% ($224.5mm) $mm Q3-2022 Q3-2023 YOY% Loans 35,550 36,292 2.1% • Gross loan portfolio is higher by 2% ($0.7bn) to reach $36.3bn. At constant currency, loans grew by 4% Deposits 47,824 49,023 2.5% • Customer deposits are higher by 3% ($1.2bn) to reach $49bn. At constant currency, deposits grew by 5% Operating Income 1,810 2,325 28.5% • The Group's net operating income at $1.37 bn, which is higher than the prior year by 42% driven by positive JAWs between revenue and expenses Net Interest Income 1,105 1,497 35.5% Non-Interest Income 421 436 3.6% • Revenue at $2,325mm is up by 28% ⚫ NII is higher by 35% ($391.8mm) due to underlying growth in loan portfolio and improvement in NIM • Non Interest income (excluding one-off) grew by 4% at $436mm driven by new revenue streams • Income from associates is higher by 38% ($108.6mm) to reach $392mm, driven by growth in balance sheet and NIMS Operating expenses increased by 13% ($112.9 mm) due to investment in transformation efforts and innovative solutions Associates Income 284 392 38.3% Operating Expense 839 952 13.4% Net Operating Income 970 1,373 41.5% ECL Provision and Impairment 354 429 21.2% Net Income Before Tax 616 944 53.2% Income Tax 210 314 49.1% • Impairments are higher as cost of risk increased to 1.6% from 1.3% in Q3 2022 Net Income After Tax 406 630 55.3% البنك العربي ARAB BANK 26#27Arab Bank Group Consolidated Statement of Financial Position - Balance Sheet Assets USD '000 Cash and balances with central banks Balances with banks and financial institutions Deposits with banks and financial institutions 2022 11,695,391 4,008,144 Q3 2023 12,181,675 4,733,116 610,306 Financial assets at fair value through profit or loss 72,253 266,842 47,398 Financial derivatives - positive fair value 196,232 286,311 Direct credit facilities at amortized cost 31,726,598 32,363,056 Financial assets at fair value through other comprehensive income 750,572 Other financial assets at amortized cost 10,002,475 3,558,864 728,613 10,145,499 3,686,050 530,393 512,674 Liabilities Investment in associates Fixed assets Other assets Deferred tax assets Total Assets Banks' and financial institutions' deposits Customers' deposits Cash margin Financial derivatives - negative fair value Borrowed funds Provision for income tax Other provisions 1,028,650 279,945 64,459,823 1,275,492 233,785 66,460,511 3,517,640 3,594,515 45,287,371 46,501,934 2,461,500 2,521,033 163,611 199,724 522,368 513,721 293,029 271,692 232,423 221,492 Other liabilities 1,570,172 1,863,529 Deferred tax liabilities 9,253 11,596 Total Liabilities 54,057,367 55,699,236 Shareholders Total Equity Attributable to Shareholders of the Bank 9,487,862 9,822,765 Equity Non-controlling interests 554,067 Tier 1 Capital Bonds 360,527 577,983 360,527 Total Shareholders' Equity 10,402,456 10,761,275 Total Liabilities and Shareholders' Equity 64,459,823 66,460,511 البنك العربي ARAB BANK 27 27#28Arab Bank Group Consolidated Statement of Income - Income Statement USD '000 Interest income Less: interest expense Net interest income Net commissions income Net interest and commissions income 2022 2,583,484 998,680 1,584,804 Q3 2022 1,794,648 689,825 1,104,823 Q3 2023 2,648,580 1,151,948 1,496,632 374,369 279,654 307,197 1,959,173 1,384,477 1,803,829 Revenue Foreign exchange differences 106,345 81,870 83,351 Gains from financial assets at fair value through profit or loss 1,182 912 1,520 Dividends on financial assets at fair value through other comprehensive income 8,251 7,568 8,293 Group's share of profits of associates 384,494 283,606 392,231 Other revenue 66,665 51,164 35,882 Expenses Total Income Employees' expenses Other expenses Depreciation and amortization Provision for impairment - ECL 2,526,110 1,809,597 2,325,106 663,569 476,567 526,566 415,310 292,208 341,574 84,751 62,464 64,051 473,006 341,042 429,000 Other provisions Impairment of Investment held for sale Total Expenses Profit for the year \ Period before Income Tax Less: Income tax expense Profit for the year \ period Profit Attributable to: 25,701 13,000 12,425 8,102 19,997 1,674,762 1,193,383 1,381,188 851,348 616,214 943,918 307,046 210,410 313,621 544,302 405,804 630,297 Bank's shareholders Non-controlling interests Total Earnings per share attributable to Bank's Shareholders - Basic and Diluted (US Dollars) 520,276 389,689 603,901 24,026 16,115 26,396 544,302 405,804 630,297 28 0.79 0.60 0.93#29Credit Ratings البنك العربي ARAB BANK Arab Bank plc - Jordan Long Term Bank Deposits - Local Currency MOODY'S Long Term Bank Deposits - Foreign Currency Ba2/Positive/NP Ba2/Positive/NP Arab Bank plc - Dubai branch Ba2/Positive/NP Long Term Bank Deposits - Foreign Currency Fitch Ratings Arab Bank plc Issuer Default Ratings (IDRs) S&P Global Arab Bank plc Issuer Credit Rating Europe Arab Bank BB/Stable/B B+/Stable/B BB/Stable/B Issuer Credit Rating 29 29#30Attractive valuation metrics and sustainable dividends distribution 山 Price Book Value Price / Earnings* Dividend Yield 0.4x 5.4x 5.8% $3.9bn 641mm Market Cap, 16.4% of ASE Shares البنك العربي ARAB BANK *P/E 12 months trailing. All data as of Sep 30, 2023 30-30 Arab Bank Share Price (JOD) EPS 4.89 4.88 4.31 4.12 2020 2021 2022 2023 19,000+ Shareholders; 52% Foreign and 48% Jordanian EPS 0.93 USD 30